1.5.5 External Influences Flashcards
1
Q
What does external environment mean
A
- It means the environment around the business is getting worse
2
Q
Factors that can effects the business by external factors
A
- changes in technology
- Changes in Legation
- The economic climate is getting worse
3
Q
Why does changes in Technology affect the bussienss
A
- Because if the technology changes then the business will have to change its good or service
4
Q
Why does Economic climate affect the business
A
-Because if the economy is struggling then the business is going to struggle
